XTB
XTB Online Trading Review
XTB Online Trading has been in the financial market for more than 15 years and has built a commendable rapport since then. The broker offers a variety of services that help make better trade decisions. You can take advantage of the provided low-costs alongside its high leverage rates and tight spreads. As long as you are careful with your investments, you can make steady profits with this broker.
| XTB Online Trading | |
| Pros | Cons |
| Robust Trading Platform with modern trading tools. | Limited Trade Assets. |
| Fully regulated, low-risk broker. | An initial deposit is required. |
| Low-cost, high leverages, and tight spreads. | High Stock CFD fees. |
| Supports Automated Trading. | |
Introduction
If you are looking for a productive hobby or new ways to earn an income, then the financial market just might be the place for you. As a new trader, there are many things that you need to familiarize yourself with before trading. The first thing that you need to do is familiarize yourself with the basics of trading if you don’t have a financial background. Most people choose to ignore this step because they are eager to start trading and end up making investments that cost them more than they can overcome. You need to remember that quick smart decisions in matters of trade are only possible when you are familiar with the basics of trading.
Things to Consider Before Signing up with a Broker
You need to pick one broker from the multitude of brokerage firms available on the web. However, not all these firms can be trusted to provide you with the best trading conditions. To make a calm and suitable decision, you should make a list of the most important features that you want in a broker. By doing this, you can eliminate a majority of the brokers from the available options. The broker that you pick needs to suit your criteria so that you can trade comfortably. Furthermore, it needs to assure you of the security of your private information and the money that you deposit into your account.
Reviewing XTB Online Trading
· Top Features
XTB Online Trading is a broker that offers low-cost trading conditions to users. The range of tradeable assets this broker offers is not as large as its competitors. However, it makes up for it through the cost-effective rates it offers for the investments. There are many other notable features of this broker so, let’s take a look at some of its top features.
1. Robust Trading Platform
The broker offers two trading platforms to choose from where both of them are designed to provide the best trading experience. The first trading platform is the propriety xStation 5 and the other is the MetaTrader4 platform. Both platforms are recognized as transparent trading platforms that offer efficient and effective trading tools. You can access these platforms in the form of web-traders, desktop software, and mobile applications that are compatible with both Android and the Apple iOS software.
2. Educational and Training Material
XTB Online Trading has taken the quality of its educational and training materials to another level. In addition to the basic explanations and definitions, the broker has also included the feature of webinars, video lectures, among others. You can join the training courses depending on your level of education. The material available is suitable for traders of all levels.
3. Competitive Research Tools
This broker offers some of the best research tools that help gather statistics in the industry. The tools help you analyze which assets to pick. XTB Online Trading offers a variety of detailed research tools such as a stock screener for CFD equities, trading signals, daily videos, news filtering, economic calendar, amongst others.
· Account Types
The broker offers three main types of accounts which include the Standard Account, Pro Account, and Islamic Account. All these accounts support leverage of 1:500+ which is adjusted dynamically. You can trade with all the supported assets on these accounts. Furthermore, all of these accounts have a minimum deposit range of $250. The differences between these accounts can be easily compared to the comparison chart provided on XTB’s website.
· Why You Should Consider Signing up with XTB Online Trading
If you are a new trader, you should seriously consider signing up with XTB Online Trading because of the low-cost services it provides. The broker offers some of the most affordable rates which are ideal for new traders since they probably will not be interested in investing large funds for their first trading experience. You also get good leverage rates for all assets, so you can invest in various assets at a low cost.
Furthermore, you may be tentative with trusting the broker with your money, however, the broker stores your funds in segregated accounts. This means that the broker does not have any access to your funds. Signing up with XTB Online Trading will allow you to trade with ease.
FAQs
1. Does the Demo Account require bank details?
No, you do not need to provide your bank account details to register with the Demo Account.
2. Does XTB Online Trading charge deposit and withdrawal fees?
The broker charges fees for withdrawals with debit/credit cards. It also charges fees on deposits and withdrawals made through e-wallet services.
Final Verdict
XTB Online Trading has been in the financial market for more than 15 years and has built a commendable rapport since then. The broker offers a variety of services that help make better trade decisions. You can take advantage of the provided low-costs alongside its high leverage rates and tight spreads. As long as you are careful with your investments, you can make steady profits with this broker.
